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Since the beginning of the pandemic, the Russell index has traded in fits and starts that seem to be highly connected to the prevailing opinion on the pandemic’s direction.
February 21, 2020 marked the first day that equities began to price in the coming economic storm. In the four weeks that followed that day the Russell 2000 lost a staggering 43% of its value.
The Russell 2000 has bounced back in moments where economic optimism entered the market.